New home sales surged in August

new-home-salesReached highest level since survey started

By Brena Swanson | HousingWire

New home sales surged in August to the highest level observed in the Mortgage Bankers Association’s Builder Applications Survey since it began in 2012.

The survey found that seasonally adjusted new home sales for August reached 601,000 sales, while on an unadjusted basis, applications were up following a sluggish July.

Continued:

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